monetaryregime chosen, though not necessarily on monetary shocks. Wegive a simple account of exchange rate volatility in terms … ofmonetary policy rules, we provide an explanation of the relationbetween nominal exchange rate volatility and …

This paper offers empirical evidence that real exchange rate volatility can have a significant impact on the long … with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for … rate volatility, and outliers. We also oer a simple monetary growth model in which real exchange rate uncertainty …

Can pegging reduce real as well as nominal, and multilateral as well as bilateralexchange rate volatility? We …

Real effective exchange rate volatility is examined for 90 countries using monthlydata from January 1990 to June 2006 …. Volatility decreases with openness tointernational trade and per capita GDP, and increases with inflation, particularlyunder a … horizontal peg or band, and with terms-of-trade volatility. The choice ofexchange rate regime matters... …

In jüngster Zeit ist das Phänomen der Korruption in der VR China wieder verstärkt in das Blickfeld gerückt. Wie allen … durchsetzende Verträge zu transformieren. Die durch den forcierten Aufbau eines Rechtssystems in der VR China aufgeworfene Frage, ob … hierdurch Guanxi-Netzwerke verdängt und somit letztlich auch das Phänomen der Korruption zurückgeführt werden könnte, wird …

This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and … by creating a system of patronage and loyalty through corrupt bureaucracy. competetive corruption patterns are asociated … with anarchy and weak dictators, while strong dictators implement a system of monopolistic corruption. Efforts at public …

dem CPI-Corruption-Index vonTransparency International gibt es eine extrem hohe Korrelation, wie sie in …’sinclination to reschedule and its degree of corruption appears to be prevalent.The economic implications of this phenomenon are to be …

associated with corruption. Thisresult holds across both the entire sample (of both developed and develop-ing countries), and …

perspective shows that companiescan contribute to preventing corruption if they learn to change the game throughfunctional …